By OGJ editors
HOUSTON, Feb. 8 -- Brigham Exploration Co. said its board approved a $134.4 million capital expenditure budget for 2008.
The independent based in Austin plans to spud 33 wells in 2008 with an average working interest of 54%. About 76% of the 2008 capital budget is allocated to drilling expenditures, a 6% increase compared with 2007.
Brigham plans to spend $52.4 million on its Rocky Mountain region where it expects to drill 17 wells in the Williston basin. The company also will spend $51.7 million on its onshore Gulf Coast region. Another $13.6 million of the 2008 exploration and development capital expenditures will be allocated to the Anadarko basin.
